The Somerset reporter. [volume] (Skowhegan, Me.) 1868-1909, 1887-01-12

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nri1,inoll, n.tol,li.i1.a or tL. .nruriti,..
in thn f,ind ,.e,,,,,1,,od tLat tho hnnd.
NJ ann o,,n SIT. hn raur,.lInd and do
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~ a inini cn,nnjttn. nr thn two hrancbe,
~ tLo lao. l.,1n,,. md a cnumittar of the
rxncnti,1 fnnnril recommend further
,ha, thn ayails of tho l-ui.el states Na..-
nrhnsnt,s and New uampsbirc bond, br
,Ioyntnd directly tn thc linuidation of tLr
St,tn ,.ht .ccordinp Ia. fine manner
witch i indicated hrIow
no nroyide for The STATE debt still re-
n,i,ing | recommend that a Rrfuu,lina
All hn Enacted riviuo the Treasurer tin
ri,ht ia sell after dine advertisement Ia
Mo hiohnst bidder. bonds of thr STATE of
Maine to nm amount not cxcrr,liug ny,
million ciuht hundred thou.aud dollars
fine bonds To RIM for thiriy wear. nj three
NOR cont interest 10 ha n+,id s,u,i-or1ll,lI,
at .hr Treasurcr's office and i'm the rity Of
Roston also recommend that far the
vltinotc redemptton of these new baud.
n sinlin1. fund he established nmo,.uti,,
tn ana nor COM Annually nf thn ,yboIr
omount aud .inlino-fnui tn he invested
H. c,"t,, ~. N,, En,,I,,d St,,.s
,uL civ bou5s If any New Enul,nd civ
~ t,,',,t, tI,.,,,..,,,j i,Iniit,,nt. ,,.LaI,.
fatal nrrmis,iIle ,lebt i NOT in excess of
five nrr cent of il. valuation. think n
.t,irtr1 in fbe lin nf investments n. la
ur.,tirollv drf.at a larnc share of the
,'r''i, So 6a d,r,,.d ern,n if. c.,n,li.i
t t,,, - =, ,, -
/ lh'"' in"' t''9 - " ,N''O - -
'"c "'leot VI ,i'c oi1 UNI 81 &c
~ p"Ihlcu oul ny INC lIe"s"ier III NJ an :
illaI report leeoiilii1e on'A sinai
>lhhinS-Iuno ioi .nc new ""'luN' 'iie
Nmich' Mitho". oui uen'n- cue '"N-t"a = 3,
VIII raPlus cA,i.S"iSh 'i'v U'"''
ic'o'niiien.' u, m 3.'i' li"' ~
NC i'i9e' 'o,' III 'i'' 'eio'i'''''- iN''
,~'"S ti' '0"7"i = - ~ '',''-' Wv
""n0 ioi VI. 'i,' az 10y IN o. ~
passage Oh tile ACT anu iU' tilel tn't 'iie
treasure W Gu 'iie I'M ~ Pu' .'''',.
~ "le eN'eni ~ ''1' "',i'u',t9
'n@ III ''' "''.i' a., ~,
'""' ","a " ~ W ~, -" ~ t',
maturity, prov lucu That inc ltIlll> Oh tN-
change and purchase shall be obviously
advantageous 10 the State. These au-
thorizations to the Treasurer will proba-
bly, result in Il considerable saving 10 the
treasury The exchange of bonds and
the purchase of bonds from the Resources
in the sinkimg-lund >hoHM be conducted
with the knowledge and the approval. in
writing .of the GoNerHel-the old bonds,
in all cases, to he cancelled and held a.
vouchers for the examination of the next
legislature
The >usprnSion of the interest ON the
Sto,n Lon,l> ,.',.s ibid = ~" -h.liua-f fund
together with the suspension OF the $50
600 annual contribution to that fund AMI
the termination OF the $4,000 for direct
payment of State debt, form the ground
work for the reduction Of the State tax.
as have recommended. With the >uc-
ccssful refunding of the State debt and
the provision for new sinking-fund Of
one per cent, as recommended, further
reduction oil the state TAX may nc conn
IDENTIFY expected by the next Legislature.
The State tax to be levied this year. af-
ter the reduction referred to, will amount
to two and three-quarler> mills on the
L,ll,r If State valuation or tUruty->rVru